Israel Englander Millennium Management
Israel “Izzy” Englander is the founder of Millennium Management, one of the world’s largest multi-strategy hedge fund platforms. Millennium allocates capital across hundreds of independent teams rather than a single house view, with rigorous risk controls at the platform level. Englander’s model has been highly influential in the rise of pod-shop multi-manager structures across the industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PepsiCo
PEP
|
+$192M |
| 2 |
Exelon
EXC
|
+$175M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$152M |
| 4 |
Apple
AAPL
|
+$149M |
| 5 |
FITB
Fifth Third Bancorp
FITB
|
+$108M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$193M |
| 2 |
AGN
Allergan plc
AGN
|
+$142M |
| 3 |
Estee Lauder
EL
|
+$135M |
| 4 |
PPL
PPL Corp
PPL
|
+$119M |
| 5 |
Ralph Lauren
RL
|
+$112M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 14.7% |
| 2 | Healthcare | 12.6% |
| 3 | Utilities | 8.91% |
| 4 | Financials | 8.66% |
| 5 | Technology | 8.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Vale
VALE
$62.1B
| $28.2M | 0.08% |
+2,133,744
| New | +$28.8M |
|
327
AutoZone
AZO
$48.3B
| $28.1M | 0.08% |
52,351
+26,713
| +104% | +$14.1M |
|
328
ITT
ITT
$18.6B
| $28.1M | 0.08% |
583,549
-351,183
| -38% | -$15.6M |
|
329
Pentair
PNR
$10.3B
| $28.1M | 0.08% |
+579,507
| New | +$29.5M |
|
|
ALE
330
DELISTED
Allete
ALE
| $27.9M | 0.08% |
543,589
+71,627
| +15% | +$3.6M |
|
331
Crown Holdings
CCK
$13B
| $27.9M | 0.08% |
560,869
-1,224,322
| -69% | -$58.7M |
|
332
CALL
NetApp
NTAP
$37.7B
| $27.9M | 0.08% |
+763,200
| New | +$27.3M |
|
333
IBM
IBM
$222B
| $27.9M | 0.08% |
+160,823
| New | +$28.9M |
|
|
MJN
334
DELISTED
Mead Johnson Nutrition Company
MJN
| $27.8M | 0.08% |
297,844
-71,143
| -19% | -$6.22M |
|
335
BWX Technologies
BWXT
$14.4B
| $27.7M | 0.08% |
1,193,684
+705,579
| +145% | +$16.7M |
|
|
JWN
336
DELISTED
Nordstrom
JWN
| $27.7M | 0.08% |
407,131
+223,005
| +121% | +$14.5M |
|
337
Marathon Petroleum
MPC
$101B
| $27.6M | 0.08% |
708,294
-1,510,874
| -68% | -$66.8M |
|
|
APC
338
CALL
DELISTED
Anadarko Petroleum
APC
| $27.6M | 0.08% |
+252,400
| New | +$25.7M |
|
|
TYC
339
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $27.5M | 0.08% |
576,054
-176,000
| -23% | -$7.93M |
|
340
Edwards Lifesciences
EW
$51.8B
| $27.5M | 0.08% |
1,919,724
+1,442,490
| +302% | +$19.6M |
|
341
CALL
Invesco DB Agriculture Fund
DBA
$1.22B
| $27.5M | 0.08% |
1,000,000
| – | – |
|
|
AVNR
342
DELISTED
AVANIR PHARMACEUTICALS, INC CL A
AVNR
| $27.5M | 0.08% |
4,868,557
+2,492,944
| +105% | +$11.5M |
|
343
Hancock Whitney
HWC
$6.05B
| $27.4M | 0.08% |
776,536
-52,109
| -6% | -$1.8M |
|
344
PUT
Gilead Sciences
GILD
$181B
| $27.4M | 0.08% |
330,000
+21,900
| +7% | +$1.7M |
|
345
Eagle Materials
EXP
$6.35B
| $27.3M | 0.08% |
289,691
+105,819
| +58% | +$9.25M |
|
346
GSK
GSK
$105B
| $27M | 0.07% |
404,492
+129,638
| +47% | +$8.77M |
|
347
W&T Offshore
WTI
$592M
| $26.9M | 0.07% |
1,645,743
+833,091
| +103% | +$13.8M |
|
348
Walt Disney
DIS
$186B
| $26.8M | 0.07% |
312,875
-409,512
| -57% | -$33.4M |
|
349
PUT
Targa Resources
TRGP
$64.1B
| $26.7M | 0.07% |
191,200
+5,600
| +3% | +$644K |
|
|
ZNGA
350
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $26.7M | 0.07% |
8,307,411
-727,443
| -8% | -$2.63M |
|
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Israel Englander's Q2 2014 Portfolio in Review
As of Q2 2014, Israel Englander held 4,342 positions worth $36.1B, up 4.6% from $34.5B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.
Israel Englander's Q2 2014 filing shows 944 new, 1,153 increased, 1,195 reduced and 1,005 closed positions. Its largest new stake was PepsiCo: 2,223,276 shares worth $199M. The largest sale was Verizon, an estimated $193M.
By sector, the portfolio is most concentrated in Energy at 15% of assets, up from 13% a quarter earlier, followed by Healthcare and Utilities.
- Israel Englander's largest Q2 2014 buy was PepsiCo: 2,223,276 shares worth $199M.
- Israel Englander added most to Exelon in Q2 2014, an estimated $175M increase.
- Israel Englander's biggest Q2 2014 reduction was Verizon, cutting an estimated $193M.
- Israel Englander fully exited Home Depot in Q2 2014, selling an estimated $108M.
- Israel Englander's ten largest holdings make up 9.6% of its $36.1B portfolio in Q2 2014.
- Israel Englander opened 944 new positions and closed 1,005 in Q2 2014.
- Israel Englander's portfolio value rose 4.6% quarter-over-quarter to $36.1B.
Based on Millennium Management's 13F filing for Q2 2014, filed 14 Aug 2014.